Wall Street Braces Itself For Silicon Valley IPOs

Analysts are predicting that the present success-stories of Silicon Valley are set for a march upon Wall Street. In particular, private listed technology companies, spurred by the strong rebound in the Nasdaq index, up 73% from its low in April, are expected to lead the way offering their stock to the public as early as next year. In fact, analysts predict that the class of 2010 will represent the strongest batch of tech companies to hit the US stock market in a decade. The prime candidates to head this 2010 listing class include: social networking site Facebook, online travel reservations site Kayak, and QuinStreet, an online marketing firm. Having reached profitability and with no immediate need for capital, companies like these can afford to stand back and pick their moment to tap the market, rather than rushing to go public before the time is right.

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